Introduction: LUT stands for Letter of Undertaking, which is a document filed by the exporter to claim tax exemption on their exports under the Goods and Services Tax (GST) regime. The LUT can be furnished in the GST portal by registered taxpayers who are exporting goods or services. The LUT is valid for the financial […]
The Goods and Services Tax (GST) is a comprehensive indirect tax that has been implemented in India since July 1, 2017. Under the GST regime, businesses are required to generate invoices for all sales made, including goods and services. These invoices must comply with the GST laws and regulations and must be submitted to the […]